Bit Digital, Inc. Announces Monthly Production Update for January 2025

NEW YORK, Feb. 7, 2025 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Firm”), a world platform for high-performance computing (“HPC”) infrastructure and digital asset manufacturing headquartered in New York, introduced its unaudited digital asset manufacturing, HPC providers income, and company updates for the month of January 2025.

 Company Highlights for January 2025

• The Firm earned roughly $4.9 million of complete unaudited HPC income^[1] throughout the month of January 2025.
• Treasury holdings of BTC and ETH had been 768.7 and 27,689.6 with a good market worth of roughly $78.7 million and $91.3 million, respectively, on January 31, 2025.
• The BTC equal^[2] of our digital asset holdings as of January 31, 2025, was roughly 1,663.0 or roughly $170.3 million.
• The Firm had money and money equivalents of $74.3 million and complete liquidity (outlined as money and money equivalents, USDC, and the honest market worth of digital property) of roughly $244.6 million in January 2025.

Colocation Companies Income Highlights

• The Firm had 14 prospects actively producing income at its Tier-3 Enovum Information Middle facility, as of January 31, 2025.
• The Firm’s HPC information middle colocation income was roughly CAD $757.8k (roughly USD $522.9k) in January 2025.

GPU Cloud Highlights

• The Firm had 268 servers (2,144 GPUs) actively producing income from its Bit Digital AI contracts, as of January 31, 2025. The Firm earned roughly $4.4 million of complete unaudited GPU Cloud income throughout the month of January 2025. As well as, the Firm obtained $131K in money funds from its tools leasing contract with Boosteroid throughout the month of January 2025.
• On January 22, Bit Digital entered into a brand new settlement with a key buyer for 464 Nvidia B200 GPUs, increasing its GPU Cloud enterprise. This new settlement replaces a previous settlement whereby the Firm was to supply the shopper with an incremental 2,048 H100 GPUs and the Firm continues to discover further GPU contracts with this buyer for 2025. Beneath the phrases of the settlement, Bit Digital will present the shopper with 58 Nvidia B200 servers (464 GPUs) for a interval of eighteen months. The contract represents roughly $15 million of annualized income for Bit Digital and encompasses a two-month prepayment from the shopper.

Digital Property Highlights

• In January 2025, the Firm produced 28.7 BTC, an 11.4% lower in comparison with the prior month. The lower was primarily pushed by a change within the Firm’s internet hosting portfolio, ongoing redeployment of mining property to new websites, and the retirement of older technology miners.
• In January 2025, the Firm’s lively hash fee was roughly 1.6 EH/s, an 11.1% lower in comparison with the prior month. The lower was primarily pushed by a change within the Firm’s internet hosting portfolio, ongoing redeployment of mining property to new websites, and the retirement of older technology miners.
• 191 Bitmain Antminer S21 mining items had been delivered to a brand new internet hosting web site within the month of January 2025.
• The Firm had roughly 21,568 ETH actively staked in native staking protocols as of January 31, 2025.
• Bit Digital earned a blended APY of roughly 3.6% on its staked ETH place for the month of January 2025.
• The Firm earned mixture staking rewards of roughly 65.8 ETH throughout January 2025.

Different Highlights

• As of January 1, 2025, the Firm formally transitioned to home issuer standing beneath U.S. securities laws.

Upcoming Occasions

• Fireplace Chat with H.C. Wainwright on February 12.

About Bit Digital

Bit Digital, Inc. is a world platform for high-performance computing (“HPC”) infrastructure and digital asset manufacturing headquartered in New York Metropolis. The Firm’s HPC enterprise operates beneath the WhiteFiber Inc. (“WhiteFiber”) model. Our operations are situated within the US, Canada, and Iceland. For added data, please contact ir@bit-digital.com or go to our web site at www.bit-digital.com.

Investor Discover

Investing in our securities entails a excessive diploma of danger. Earlier than investing choice, you need to rigorously contemplate the dangers, uncertainties and forward-looking statements described beneath “Threat Components” in Merchandise 3.D of our Annual Report on Kind 20-F for the fiscal yr ended December 31, 2023 (“Annual Report”). However the truth that Bit Digital Inc. has not performed operations within the PRC since September 30, 2021 we have now beforehand disclosed beneath Threat Components in our Annual Report: “We could also be topic to fines and penalties for any noncompliance with or any liabilities in our former enterprise in China in a sure interval any more.” Though the statute of limitations for non-compliance by our former enterprise within the PRC is mostly two years and the Firm has been out of the PRC, for greater than two years, the Authority should discover its prior bitcoin mining operations concerned a risk to monetary safety. In such occasion, the two-year interval can be prolonged to 5 years. If any materials danger was to happen, our enterprise, monetary situation or outcomes of operations would seemingly endure. In that occasion, the worth of our securities might decline and you could possibly lose half or all your funding. The dangers and uncertainties we describe usually are not the one ones dealing with us. Further dangers not presently recognized to us or that we presently deem immaterial can also impair our enterprise operations. As well as, our previous monetary efficiency is probably not a dependable indicator of future efficiency, and historic traits shouldn’t be used to anticipate outcomes sooner or later. Future modifications within the network-wide mining problem fee or bitcoin hash fee can also materially have an effect on the longer term efficiency of Bit Digital’s manufacturing of bitcoin. Precise working outcomes will differ relying on many components together with community problem fee, complete hash fee of the community, the operations of our amenities, the standing of our miners, and different components. See “Secure Harbor Assertion” under.

Secure Harbor Assertion

This press launch could comprise sure “forward-looking statements” regarding the enterprise of Bit Digital, Inc., and its subsidiary firms. All statements, apart from statements of historic reality included herein are “forward-looking statements.” These forward-looking statements are sometimes recognized by way of forward-looking terminology reminiscent of “believes,” “expects,” or related expressions, involving recognized and unknown dangers and uncertainties. Though the Firm believes that the expectations mirrored in these forward-looking statements are affordable, they do contain assumptions, dangers and uncertainties, and these expectations could show to be incorrect. Traders shouldn’t place undue reliance on these forward-looking statements, which communicate solely as of the date of this press launch. The Firm’s precise outcomes might differ materially from these anticipated in these forward-looking statements because of a wide range of components, together with these mentioned within the Firm’s periodic studies which can be filed with the Securities and Alternate Fee and out there on its web site at http://www.sec.gov. All forward-looking statements attributable to the Firm or individuals performing on its behalf are expressly certified of their entirety by these components. Aside from as required beneath the securities legal guidelines, the Firm doesn’t assume an obligation to replace these forward-looking statements.

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SOURCE Bit Digital, Inc.

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